| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 4.2 | 8.0 | 12.8 | 1.4 | (2.6) | (4.4) | −68.6% | |
| Depreciation & amortization | 7.3 | 9.4 | 12.3 | 13.8 | 15.3 | 15.2 | −0.9% | |
| Stock-based compensation | 0.0 | 0.1 | 0.4 | 0.5 | 0.8 | 0.2 | −73.4% | |
| Change in working capital | 0.2 | 1.0 | (2.0) | (0.8) | (3.8) | 11.2 | +391.6% | |
| Operating cash flow | 14.0 | 19.5 | 23.2 | 19.7 | 16.8 | 26.1 | +55.2% | |
| Capital expenditure | (0.4) | (1.9) | (3.8) | (5.6) | (4.0) | (3.1) | +21.6% | |
| Acquisitions | (0.1) | (7.1) | (32.0) | (7.9) | (1.3) | 10.2 | +871.0% | |
| Investing cash flow | (0.4) | (9.1) | (35.5) | (9.4) | (1.0) | 5.6 | +635.4% | |
| Dividends paid | 0.0 | (1.0) | (3.1) | (3.3) | (2.7) | (1.4) | +48.8% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 12.8 | (35.2) | 30.5 | 11.3 | (5.8) | (14.3) | −148.4% | |
| Financing cash flow | (0.6) | (15.3) | 15.1 | (7.2) | (25.3) | (27.0) | −6.9% | |
| Free cash flow | 13.5 | 17.6 | 19.4 | 14.0 | 12.9 | 23.0 | +78.8% | |
| Net change in cash | 13.0 | (4.9) | 5.3 | 3.2 | (9.5) | 4.7 | +149.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
